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February 18, 2008

Way To Go, Mugabe

Zimbabwe's inflation rate now qualifies as a tidbit for News Of The Weird.

According to the Central Statistical Office, Zimbabwe's December inflation hit 66,212 percent.

It was almost triple the November inflation rate of 26,741 percent. The higher prices were felt on food and non-alcoholic beverages which zoomed by 79,412 percent on the last month of 2007, versus price increase by 58,493 percent for non-food items.

How does that work, precisely? Say I'm buying a...I don't know...wildebeest hide or some shit. Doesn't the price actually change as I'm paying for it?
That puts a kink in the ancient art of haggling doesn't it?

Buyer: I'll give you twenty three.

Seller: Fifty-eight is the best I can do.

Buyer: (looks at the clock, starts sweating) It has a stain. Seventy-six seems like a fair price for this damaged item.

Seller: That's less than my cost! One hundred and thirty-five, and that is my final offer.

Buyer: Deal?

Seller: I'll be ruined! I need three hundred or my children will starve.

Buyer: GODDAMMIT.


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posted by Laura. at 02:52 PM

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